There was a sudden boom of Greek small airlines breaking the former Olympic Airways monopoly in the late 90's and Axon Airlines was just one of these new players. In the Winter 2000/2001 season it was flying from Athens to three European destinations with their 737. Axon Airlines did not last for very long and some months later the owners claimed the airline had been another victim of the September 11th attacks. It seems, however, that the airline was already loosing money before.

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